New fiduciary rule guidance from US Labor Department

The following news brief was published by the Employee Benefits Security Administration on May 22, 2017. It is reproduced in full below.

WASHINGTON – Fiduciary rule guidance for financial advisors, retirement plan sponsors, and individual workers and retirees has been published on the U.S. Labor Department’s website. This information comes in advance of the rule’s June 9 applicability date.

Read Frequently Asked Questions.

Read the Employee Benefits Security Administration’s enforcement policy.

Read Secretary Alexander Acosta’s op-ed discussing the rule and other regulatory issues.

Source: Employee Benefits Security Administration